Binance bStocks now lets you buy tokenized U.S. stocks directly with fiat. You can use 49 fiat currencies without converting to crypto first.
What I saw: The official announcement says it launches on November 11. Both the Convert and buy/sell pages support it, and you can pay by bank card, Apple Pay, or Google Pay. You can also sell directly back to fiat.
bStocks’ individual product size reached $1.5 billion on November 10. Direct Stocks and bStocks together exceeded $3 billion, after just passing $1 billion in mid-October.
My take: This targets people who have never touched crypto. Direct fiat access lowers the barrier to buying tokenized U.S. stocks to about the same level as buying crypto.
What I’ll do: First, I’ll see whether fiat deposit volumes can keep up. If it’s just a new payment option and volumes don’t grow, the hype will be short-lived.
Would you buy bStocks directly with fiat, or convert to stablecoins first?
At the time of writing, BTC was $74,005, down 0.17% over 24 hours (live price from TradingView Bitstamp).
$BTC $ETH $SOL
#币安 #bStocks
What I saw: The official announcement says it launches on November 11. Both the Convert and buy/sell pages support it, and you can pay by bank card, Apple Pay, or Google Pay. You can also sell directly back to fiat.
bStocks’ individual product size reached $1.5 billion on November 10. Direct Stocks and bStocks together exceeded $3 billion, after just passing $1 billion in mid-October.
My take: This targets people who have never touched crypto. Direct fiat access lowers the barrier to buying tokenized U.S. stocks to about the same level as buying crypto.
What I’ll do: First, I’ll see whether fiat deposit volumes can keep up. If it’s just a new payment option and volumes don’t grow, the hype will be short-lived.
Would you buy bStocks directly with fiat, or convert to stablecoins first?
At the time of writing, BTC was $74,005, down 0.17% over 24 hours (live price from TradingView Bitstamp).
$BTC $ETH $SOL
#币安 #bStocks
